223 West 5th Street

Irving, TX 75060

$1,664,000
Price
Beds
10,400 Sq. Ft.
$160 / Sq. Ft.
10,400
Sq. Ft.
$160
per Sq. Ft.

Description

Wedged between Dallas and the DFW International Airport, this centrally located complex is in the heart of the DFW. Everything you want is right outside your door, from major sports events to amazing shopping and dining to theme parks to golf courses to museums and theaters. This complex presents as a community and consists of 16 units all around a marvelous pool. Parking is located in the front and rear of the property. This complex presents major potential, as market rents show room for growth....Wedged between Dallas and the DFW International Airport, this centrally located complex is in the heart of the DFW. Everything you want is right outside your door, from major sports events to amazing shopping and dining to theme parks to golf courses to museums and theaters. This complex presents as a community and consists of 16 units all around a marvelous pool. Parking is located in the front and rear of the property. This complex presents major potential, as market rents show room for growth. The property could also thrive with a stronger online presence. Don’t miss out on this wonderful investment opportunity!
  1. Listed by Cristal Gonzalez • TREC #0644858 • Briggs Freeman Sotheby's Int'l • 214-350-0400
  2. Listed by Benjamin Jimenez • TREC #0784675 • Briggs Freeman Sotheby's Int'l

Property Details for 223 West 5th Street

Subdivision Name
Browns 03
Pool
Yes
Number Of Parking Spaces
22

Location

Listing Courtesy of Briggs Freeman Sotheby's Int'l, Cristal Gonzalez; Briggs Freeman Sotheby's Int'l, Benjamin Jimenez
Add your commute
LISTING UPDATED: 01/30/2024 04:40 PM

Property Details for 223 West 5th Street

StatusActive
MLS #20487672
Days on Market145
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment/5Plex+
Year Built1955
Lot Size0.33 AC / 14,505 SF
CountyDallas County

Location

Listing Courtesy of Briggs Freeman Sotheby's Int'l, Cristal Gonzalez; Briggs Freeman Sotheby's Int'l, Benjamin Jimenez
Add your commute

Building Information for 223 West 5th Street

Stories2Residences16Year Built1955Building Size-Lot Size0.33 AC / 14,505 SF

Payment Calculator

$11,207 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,081

Property Taxes

$2,126

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 223 West 5th Street

Summary
Location and General Information
  • Block: B
  • Complex Name: CHELMONT IRVING LLC
  • Directions: Use GPS
  • Elementary School: Britain
  • Elementary School Name: Britain
  • High School: Nimitz
  • High School Name: Nimitz
  • Middle School: Dezavala
  • Year Built Details: Preowned
  • School District: Irving ISD
  • Geocode Confidence: High
  • Latitude: 32.81
  • Longitude: -96.95
  • State: Texas
Parking
  • Parking Features: Guest
Taxes and HOA Information
  • Tax Legal Description: BROWNS 3RD BLK B LT 6 & E 5 LT 5 ORIG TOWN IR
  • Association Type: None
  • Tax Lot: 6
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Laminate
  • Heating: Wall Furnace
  • Interior Features: Cable TV Available, Eat-in Kitchen
  • Appliances: Electric Cooktop, Electric Oven
  • Cooling: Wall/Window Unit(s), Window Unit(s)
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Public Records
  • Construction Materials: Brick, Wood
  • Fencing: Chain Link
  • Foundation Details: Concrete Perimeter, Pillar/Post/Pier
  • Number Of Stories: 2
  • Pool Features: Fenced, In Ground
  • Roof: Composition
  • Waterfront: No
  • Horse Permitted: No
  • Number Of Units Total: 16
  • Levels: Two
Property
Utilities
  • Utilities: Cable Available, City Sewer, City Water
Property and Assessments
  • Financing Proposed: 1031 Exchange, Cash, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Acres: 0.333
  • Lot Size Area: 0.333
  • Lot Size Source: Public Records
  • Lot Size Units: Acres
  • Lot Size Square Feet: 14505.48
  • Multi Parcel ID: No
  • Parcel Number: 32043500020060000
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 6.17%
  • Gross Annual Expenses: $110,228
  • Gross Annual Income: $152,298
  • Insurance Expense: $0
  • Tenancy: Over 9 Months
  • Net Operation Income: $102,720.00
Unit 1
  • Approximate SQFT: 650.0
  • Dining Area Length: 1.0
  • Kitchen Length: 1.0
  • Living Area Length: 1.0
  • Master Bed Length: 1.0
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 16

Property History for 223 West 5th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 223 West 5th Street

Taxable ValueLand$72,500Additions$1,107,500Total$1,180,000
Tax Record2023$25,517 ($2,126 / month)
Home Facts
Total Finished SqFt9,152 SqFtAbove Grade Finished SqFt9,152 SqFtStories2Lot Size14,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningZ177CountyDALLASAPN32043500020060000

Schools near 223 West 5th Street

This home is within Irving Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Britain Elementary School
PublicPK to 5

Lorenzo De Zavala Middle School
Public6 to 8

Nimitz High School
Public9 to 12

Barbara Cardwell Career Preparator
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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223 West 5th Street is a multi-family home for sale in Irving, TX 75060. This property was listed for sale on December 4, 2023 by Briggs Freeman Sotheby's Int'l, it's currently listed at $1,664,000. This listing's school district is Irving Independent School District. Nearby schools include Britain Elementary School, Lorenzo De Zavala Middle School and Nimitz High School. 223 West 5th Street is a 0-bed, 0-bath, 10,400 sqft multi-family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Briggs Freeman Sotheby's Int'l, Cristal Gonzalez; Briggs Freeman Sotheby's Int'l, Benjamin Jimenez

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2024 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 01/30/2024 04:40 PM